What's Going On With Peloton Interactive Today

Peloton Interactive Inc PTON announced a rear safety guard for its recalled Tread+ treadmill.
The safety guard, currently being manufactured and available later this year, will be offered for free to the owners, CNBC reported.
In May 2021, the company recalled its Tread and Tread+ treadmills after the use of treadmills resulted in multiple injuries and one child's death.
Peloton and the U.S. Consumer Product Safety Commission said in a joint statement that users reported 279 incidents and 61 injuries since the recall.
Related: Peloton Settles Treadmill Recall Incident And Violation With $19.1M Penalty
Further adding to the woes, last week, the U.S. Consumer Product Safety Commission announced the recall of two million exercise bikes due to fall and injury hazards.
Earlier this month, Peloton reported a Q3 FY23 sales decline of 22% Y/Y to $748.90 million, beating the consensus of $708.05 million, and EPS loss was $(0.79), missing the consensus of $(0.46).
Also Related: Peloton Interactive Analysts Give Mixed Reviews: 'Better Than Expected Q3 Sales And EBITDA ... Offset By Soft Q4 Subscriber Guidance'
Price Action: PTON shares are trading higher by 0.41% at $7.38 premarket on last check Friday.
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